https://www.taxtmi.com/caselaws?id=371358 A co-operative society's income from selling public distribution system goods through fair price shops qualified for deduction under Section 80P, because the activity was authorised by its by-laws and carried out pursuant to Government and Registrar directions. The Madras High Court treated the society's ancillary fair price shop operations as part of its authorised business under the Tamil Nadu Cooperative Societies Act framework, and found the Revenue's claim that sales were to non-members unsubstantiated. The Court distinguished the precedent relied on by the Revenue and held that the disputed income was attributable to the society's business, entitling the assessee to the statutory deduction. en-us Wed, 31 Oct 2018 00:00:00 +0530 Wed, 30 Jan 2019 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371358 A co-operative society's income from selling public distribution system goods through fair price shops qualified for deduction under Section 80P, because the activity was authorised by its by-laws and carried out pursuant to Government and Registrar directions. The Madras High Court treated the society's ancillary fair price shop operations as part of its authorised business under the Tamil Nadu Cooperative Societies Act framework, and found the Revenue's claim that sales were to non-members unsubstantiated. The Court distinguished the precedent relied on by the Revenue and held that the disputed income was attributable to the society's business, entitling the assessee to the statutory deduction. Case-Laws Income Tax Wed, 31 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371358